A member of Britain's diplomatic service has won a 100,000 euro ($140,000) cash prize for his proposal outlining a blueprint for Britain after its potential exit from the European Union.
Britain will be the best performing of the world's major economies this year with growth of 2.9%, according to the International Monetary Fund, as consumer spending rebounds, inflation remains low and unemployment continues to fall steadily.
The U.K.'s economic recovery is still on a strong footing with businesses poised to spend and hire, a survey by the British Chamber of Commerce showed but rate hike uncertainty looms.
The global economy seemed to be on the mend when the International Monetary Fund met for its spring meeting in Washington 10 years ago.
The US unemployment rate in March remained stubbornly elevated at 6.7% in March with 10.5 million people out of work, showing job growth is good, but not good enough to make a dent in the long-term doldrums that have slowed economic growth since the financial crisis ended in 2009.
The European Central Bank (ECB) remains very worried about low inflation, despite failing to take any action this week, the central bank's vice-president told CNBC on Friday.
One of the biggest Chinese bitcoin exchanges has closed its doors to new deposits following a renewed clampdown on the currency by the People's Bank of China.
About 20 percent of China's economy is shrinking and 80 percent is growing moderately, according to independent economist Andy Xie.
For years the London borough of Brent was synonymous with Wembley stadium and Ken Livingstone's constituency when he was an MP. It included some of the capital's most deprived areas, and was once dubbed the drive-by-shooting capital of the UK.
The U.S. economy created nearly 200,000 new private-sector jobs last month, a closely watched economic indicator reported on Wednesday, feeding hopes about the economic recovery and a thaw in labor markets.